Page 2616 - Economy & Policy News

GST ministerial panel puts off two issues; Council to meet on July 21

The panel decided to omit the reverse charge mechanism (RCM) clause from the GST law

Govt's MSP move a political gimmick for simultaneous polls, says Congress

The MSP increase in paddy will have an electoral bearing in paddy growing areas, including UP, Bihar, Odisha, Haryana, etc

Bullet train project: Godrej moves court against land acquisition in Mumbai

Based on the current alignment, of the total 508.17 km track between Mumbai and Ahmedabad, around 21 km will be underground in Maharashtra

Nitin Gadkari bets on alternative fuels to ease crude import strain

The government allowed the use of B-heavy molasses for ethanol production to increase its production

India's apparel exports fall by 17% in Q1 FY19 due to slowdown in demand

A slowdown in demand from developed countries; Indian exporters urge the government to sign FTA

Tax on liquor production input: AAR puts ball in GST Council's court

The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so

Statsguru: Sharp hike in minimum support prices likely to up CPI

NDA government fulfils its budget promise of providing MSP at 1.5 times cost

Govt mulls setting up electric vehicle target for state public transporters

The Aayog is of the view that the market forces should be allowed to decide whether people want to buy electric car or diesel/petrol car

GST: Ministerial panel favours deferment of sops for digital payments

The recommendations of the ministerial panels will be placed before the GST Council, chaired by the Union Finance Minister and comprising his state counterparts, during its next meeting on July 21

Curb 'high-pitched' assessments against taxpayers: CBDT to I-T dept

The decision was taken as part of the Modi government's plan to check high-handedness of taxmen in deciding assessments of a common taxpayer that led to issues of corruption and bribery

UP cement traders demand cut in GST rate; hike in e-way bill threshold

The association want e-way bill threshold at Rs 100,000 for easy transportation of goods

Increase in MSP may negatively impact GDP, lead to higher inflation: Report

As per the report, for the rest of this financial year, the impact on inflation will be in the range of around 25-30 bps

Fraud risk, bad governance make investors skeptical about India: Kroll

Foreign portfolio investors have pulled out more than USD 6.6 billion from the Indian equity markets so far this year

CBI looks for banking, tax experts to help probe in multi-billion scams

The CBI is looking into various big-ticket fraud cases in banks besides other complex cases related to foreign trade and taxation

As GST turns one, council may approve annual return forms in July 21 meet

The revenue officers have prepared a draft of the annual returns form, which will be deliberated by the GST Council chaired by Union Finance Minister and state finance ministers

ONGC postpones KG basin project to Dec 2019; oil production by March 2021

The revised dates were set when ONGC spudded the first of the 34 wells under the project on April 8 this year

Fruits, vegetables export to Kuwait to resume but Kerala has to wait

Indian fruit and vegetable exporters believe that trade could re-start in a couple of days

Stagnant farm wages a drag on minimum support prices

Farm wages have been stagnant, contracting by 1.5% in 2015-16 and growing 1.7% in 2016-17

Govt to cash in on defence land, treat transactions as capital receipts

The lack of consistency of data on these land parcels reveals the risk government runs in administering them

India fully WTO compliant, doesn't subsidise exports: Suresh Prabhu

He said that OECD countries were giving more subsidies to their farmers, particularly in the export of agriculture products